United Natural Foods Inc (UNFI)
Fixed asset turnover
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,984,000 | 30,138,000 | 28,858,000 | 26,755,000 | 26,303,000 |
| Property, plant and equipment | US$ in thousands | 1,804,000 | 1,767,000 | 1,690,000 | 1,784,000 | 1,701,000 |
| Fixed asset turnover | 17.18 | 17.06 | 17.08 | 15.00 | 15.46 |
August 3, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $30,984,000K ÷ $1,804,000K
= 17.18
United Natural Foods Inc's fixed asset turnover has been consistently high over the past five years, ranging from 15.00 to 17.18. This indicates that the company is generating significant revenue relative to its investment in fixed assets. A high fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate sales. This efficiency in asset management is a positive sign for investors and creditors, as it indicates that the company is operating efficiently and effectively using its resources to generate revenue. Overall, United Natural Foods Inc's strong fixed asset turnover ratio demonstrates sound operational efficiency and effective management of its fixed assets.
Peer comparison
Aug 3, 2024